Farmers named a best bank in America

Published: May 25, 2012 3:00AM

CANFIELD -- Farmers National Bank recently earned high praise from a nationally respected publication in the banking and financial services community. American Banker magazine (www.americanbanker.com) lists Farmers as one of the very best banks in America in its May edition.

The ranking, found in the article "Metrics & Measures -- Simply the Best" (page 14), ranks the top 200 community banks in the country based on a three-year average return on investment (ROE) for its shareholders.

Farmers ranked 123rd. However, when adjusted for banks with assets greater than $1 billion, Farmers comes in at number 25, making it the only Ohio bank to make the list at that asset level.

"We are extremely proud of our ranking in American Banker," said Farmers President and CEO John S. Gulas. "This recognition confirms we are operating in the best interests of our shareholders and our customers. It is so gratifying to see Farmers National Bank recognized in such a prestigious publication."

Over the past couple of years, Farmers has implemented a plan focused on managed growth strategies. Last year alone, the bank announced expanded office locations in Howland and Canton, increased its offerings in investment and insurance services and had its shares listed on the NASDAQ stock exchange. Earlier this year, Farmers opened a new office in Boardman and officially celebrated its 125th anniversary.

American Banker magazine has been a market-leading source for banking information since 1835.

Farmers National Bank, with 19 banking locations and two trust offices throughout Trumbull, Mahoning, Columbiana and Stark counties, offers a full array of financial services to include Farmers National Investments, Farmers Trust Co. and Farmers National Insurance.